Some Luxury Retailers Late to China's Retail Party

Amid the European downturn, some luxury-goods makers are turning to China. But as Manuela Mesco explains, they're a little late to the party. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... call sellers reports ... some European luxury goods makers have been leaked to the party in China ... in just a sales goal in Asia Beer collapsing in parts of Europe Wall Street Journal's Munnell eleven still joins us from the line in a Lehman well I think so much for coming this morning ... thank you for having me ... so I want to lately the groundwork for people here is that the state of it so it is he talking your story about the differences in sales ... between ... Italy and Spain for instance in China China's growing a lot faster isn't it ... yes he did and that's been the case for the States ... okay now for some of the of the luxury goods makers ... that have ... missed the boat ... in China ... well ... we have a number of exciting companies we haven't mentioned the jacket is that I should re ... company here in each of the aisle so I this I ... we have ... the Dow which is a teacher a company ... and we have many at this week's test of pride that being companies but that didn't ... even get into China ... I ... it's not ... in a note last few years which is quite late Ted than either be conglomerates from app from outside the treaty ... I'm and among this we have ... the ... board apron Kapur which has been both sky and BMA each add that the transcript ... it's as in any event ... that the big names that have the passage of ... them ... striking at the time this has been having with that with that the company said in a very good shape but still they could be ... pray for the car at the apartment companies the case ... the kids to see that the maze but not as much a ticket to China ... and tactics on that ... now won one of the mansion has been successful this of this is kind of fasting statistic ... for men's ... fifty percent of their sales is that come from China ... no yes yes yes that is expect equity large number it seems ... yet ... but that that that that is almost that the different companies I can get the French group's at the MACD went on and I am as I will so some me time in big names like Argentina deals are proud that they have that ... that the number of sales coming from there it is a rat ... the expanded Dentyne like most Apple boss that and she has to get that that ... that image China ... around twenty years ago ... which was the right moment to be there to expound that ... brings out the companies didn't get in and didn't get that what was happening there in time said the weighty dead and that it tried to get to the conditions to do that and they just missed it but ... now you mention another ... interesting wrinkle to this story is that ... having ... a presence in China isn't just important ... for Chinese shoppers in China ... it's important to use them to the brand to win a calm shop in Europe ... they recognize the brand to tell us about that ... yes sadly we had that from I am not that different one ... Kristen was that the chief executive of the left and that ... any basically is what you've read its private equity firm that Apple slap in the am in now so some years back any said that to ... put into some statistics and according to experts in the sector ... lot of that Chinese and nations can seem is actually buying more prone to than in China and the nation ... as it did tend to buy its lead at the grounds that the thereto cannot use the DUP member of brown ... from having a strong presence in China and India will get through then I it's ... more than a buy in China ... and that supports the sales in many nations putting in Europe as well which is not ... the first market of the moment is when you say ... and it's basically I told about sales from from foreign anything new about these from terrorists ... ok my lamest go in